The report “Indonesia Construction Equipment Market Outlook 2024-2029” is now available on ResearchAndMarkets.com. Predictions indicate growth in the Indonesian construction equipment market from 28,568 Units in 2023 to an estimated 36,510 Units by 2029, with a CAGR of 4.17% during 2023-2029.
Key Market Players: Leading companies such as Caterpillar, Kobelco, SANY, Hitachi Construction Machinery, and Komatsu dominate the market, offering a wide range of equipment. Niche players like Toyota Material Handling, Kubota, Liu Gong, Yanmar, and JCB hold strong positions in the local market with specialized offerings.
Government Investment Impact: Government investments in public infrastructure projects, particularly through the PPP model, are driving market expansion. Increased demand for heavy equipment, especially in the mining sector, due to industrial activities’ resurgence post-pandemic, is notable.
Market Highlights: Earthmoving equipment, particularly excavators, holds a significant share in the market. Construction equipment utilization by the construction industry remains a key driver. The National Medium-term Development Plan 2020-2024 underscores Indonesia’s commitment to infrastructure development, with substantial investment earmarked. Key Distributors: Major distributors like PT Hexindo Adiperkasa, Intraco Penta, and Traktor Nusantara, along with United Tractors, play crucial roles in the market.
Segmentation Analysis: The market segments include earthmoving equipment, road construction equipment, material handling equipment, and others, serving various end-users such as construction, mining, manufacturing, and utilities.
Market Trends & Drivers: Intense competition among Chinese and other OEMs, alongside the adoption of electric and hydrogen fuel technologies, are notable trends. Government investments in infrastructure projects, supported by PPP initiatives, are significant drivers. Market Restraints: Rising building material prices and skilled labor shortages present challenges to market growth.
Vendor Landscape: Prominent vendors like Caterpillar, Komatsu, Volvo Construction Equipment, and Hitachi Construction Machinery dominate the market, with several other players contributing significantly.
Report Details: The report spans 219 pages, covering the forecast period from 2023 to 2029, with an estimated market value of 28,568 Units in 2023 and a projected value of 36,510 Units by 2029, reflecting a compound annual growth rate (CAGR) of 4.1%.
For more information, visit: [Link to the report]
